G 
15.00
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 1.17bn
FY2016FY2025
Net income
−PLN 22.9m
FY2016FY2025
Free cash flow
PLN 20.8m
FY2016FY2025
Shareholders' equity
PLN 127.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.17bn | PLN 1.19bn | PLN 1.23bn | PLN 1.20bn | PLN 711.7m | PLN 623.6m | PLN 489.4m | PLN 429.5m | PLN 330.8m | PLN 312.0m |
| Gross profit | PLN 184.8m | PLN 196.6m | PLN 203.4m | PLN 207.5m | PLN 126.0m | PLN 113.2m | PLN 84.7m | PLN 75.8m | PLN 61.3m | PLN 58.4m |
| Operating income | −PLN 17.1m | PLN 16.8m | PLN 33.5m | PLN 56.7m | PLN 18.5m | PLN 18.4m | PLN 11.8m | PLN 12.1m | PLN 11.3m | PLN 12.3m |
| Net income | −PLN 22.9m | PLN 6.2m | PLN 22.3m | PLN 43.8m | PLN 13.7m | PLN 11.5m | PLN 8.2m | PLN 8.5m | PLN 8.2m | PLN 9.0m |
| Diluted earnings per share | -1.49 | 0.40 | 1.45 | 2.85 | 0.89 | 0.75 | 0.53 | 0.55 | 0.54 | 0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 470.5m | PLN 501.5m | PLN 499.3m | PLN 468.2m | PLN 336.7m | PLN 283.9m | PLN 275.3m | PLN 237.4m | PLN 201.2m | PLN 162.3m |
| Cash and short-term investments | PLN 2.2m | PLN 4.0m | PLN 5.5m | PLN 10.1m | PLN 3.2m | PLN 2.2m | PLN 1.8m | PLN 1.3m | PLN 1.3m | PLN 1.5m |
| Total liabilities | PLN 343.5m | PLN 351.8m | PLN 355.8m | PLN 334.1m | PLN 243.1m | PLN 202.9m | PLN 205.8m | PLN 174.3m | PLN 144.7m | PLN 111.4m |
| Debt | PLN 75.0m | PLN 89.2m | PLN 109.6m | PLN 64.6m | PLN 67.1m | PLN 61.2m | PLN 68.7m | PLN 54.4m | — | — |
| Shareholders' equity | PLN 127.0m | PLN 149.7m | PLN 143.5m | PLN 134.1m | PLN 93.6m | PLN 81.0m | PLN 69.4m | PLN 63.1m | PLN 56.5m | PLN 50.9m |
| Shares outstanding | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 29.4m | PLN 43.4m | −PLN 22.3m | PLN 48.1m | PLN 20.2m | PLN 16.8m | PLN 7.0m | PLN 9.1m | −PLN 501,000 | PLN 1.3m |
| Capital spending | −PLN 8.6m | −PLN 10.9m | −PLN 8.4m | −PLN 23.0m | −PLN 20.8m | −PLN 1.6m | −PLN 12.6m | −PLN 12.0m | −PLN 9.5m | −PLN 5.3m |
| Free cash flow | PLN 20.8m | PLN 32.5m | −PLN 30.7m | PLN 25.1m | −PLN 631,000 | PLN 15.2m | −PLN 5.6m | −PLN 2.9m | −PLN 10.0m | −PLN 4.0m |
| Dividends paid | — | — | −PLN 12.9m | −PLN 3.2m | −PLN 1.2m | — | −PLN 1.8m | −PLN 1.8m | −PLN 915,000 | −PLN 1.8m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 297.6m | PLN 259.7m | PLN 296.5m | PLN 319.2m | PLN 290.8m | PLN 286.8m | PLN 302.2m | PLN 306.3m |
| Gross profit | PLN 46.6m | PLN 39.2m | PLN 51.8m | PLN 45.7m | PLN 48.2m | PLN 46.2m | PLN 55.3m | PLN 47.2m |
| Operating income | PLN 4.7m | −PLN 6.5m | PLN 6.3m | −PLN 20.0m | PLN 2.4m | −PLN 2.4m | PLN 8.7m | PLN 4.1m |
| Net income | PLN 2.5m | −PLN 7.3m | PLN 2.9m | −PLN 18.6m | PLN 92,000 | −PLN 3.8m | PLN 5.2m | PLN 234,000 |
| Diluted earnings per share | 0.16 | -0.47 | 0.19 | -1.21 | 0.01 | -0.25 | 0.34 | 0.02 |
| Total assets | PLN 476.8m | PLN 470.5m | PLN 477.1m | PLN 518.7m | PLN 541.6m | PLN 501.5m | PLN 499.2m | PLN 522.4m |
| Cash and short-term investments | PLN 4.6m | PLN 2.2m | PLN 3.3m | PLN 3.0m | PLN 3.8m | PLN 4.0m | PLN 7.1m | PLN 5.6m |
| Debt | PLN 16.9m | PLN 19.4m | PLN 21.8m | PLN 23.0m | PLN 26.7m | PLN 28.1m | PLN 31.1m | PLN 33.8m |
| Shareholders' equity | PLN 129.4m | PLN 127.0m | PLN 134.2m | PLN 131.3m | PLN 149.8m | PLN 149.7m | PLN 153.5m | PLN 148.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.8% | 13.3% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 16.6% | 16.9% | 17.1% |
| Operating margin | -0.0% | 1.9% | 2.1% | 2.3% |
| Net margin | -0.7% | 1.0% | 1.2% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.6 | 22.2 | 6.9 | 4.5 | 18.9 | 20.6 | 11.8 | 6.8 | 22.5 | 9.2 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.4 | 0.2 | 0.1 | 0.6 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Oct 2022.
| FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.84 | 0.63 | 0.08 | 0.12 | 0.12 | 0.17 | 0.12 | 0.08 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.